Payments of federal crop insurance, agricultural disaster assistance and other agricultural-related safety-net benefits to deceased individuals remains a longtime issue since it was first noted in 2007, according to a...
Category: National Insurance Regulation News and Updates
The Arkansas Insurance Department (“Department”) issued a Bulletin on July 22, 2013 summarizing insurance-related legislation enacted following that state’s 2013 Regular Legislative Session, which...
The Maryland Insurance Administration (“MIA”) announced today, July 24, 2013, that it has issued its first administrative orders under newly granted authority to pursue civil cases of insurance fraud....
Texas Department of Insurance Holds Informal Meeting On Rulemaking For New Captives Bill
July 17, 2013
The Texas Department of Insurance (“TDI”) held a Stakeholder Meeting on July 12, 2013 to discuss rulemaking for the recently enacted Senate Bill 734, which relates to the licensing of captive insurance...
Federal Data Collection Efforts Ongoing for COASTAL Act Post-Storm Wind/Water Loss Model Due December 28, 2013
July 16, 2013
Pursuant to the Consumer Option for an Alternative System to Allocate Losses Act of 2012 (“COASTAL Act”), the National Oceanic and Atmospheric Administration (“NOAA”), in consultation with other...
Delaware Form Filing, Rate Changes and Deviation Fees Increase Today, Insurance Department Advises
July 15, 2013
In Bulletin No. 35 issued today, July 15, 2013, the Delaware Department of Insurance (“DDI”) advised all insurers doing business the state that both the “rate changes or deviations” fee [18...
Arkansas Insurance Department Cautions on Depreciation of Labor in Actual Cash Value Insurance Claims for Structural Loss
July 11, 2013
In Bulletin 13-2013 issued July 5, 2013, the Arkansas Insurance Department (“AID”) seeks to clarify its position on the depreciation of labor in relation to what items are eligible for depreciation in an...
The Financial Stability Oversight Council met yesterday, June 3, 2013, on whether to designate AIG and Prudential as non-bank systemically important financial institutions (SIFIs) pursuant to the Dodd-Frank Act of...
The Alabama Department of Insurance (“ALDOI”) has scheduled a hearing on the adoption of various proposed insurance regulations, including Regulation No. 152, which requires that specified classes of...
Connecticut Department of Insurance Approves New Regulations for Replacement of Life Insurance and Annuities
May 24, 2013
The Connecticut Department of Insurance has advised that Regulations 38a-435-1 to 38-435-8 relating to activities required of insurers and producers in the replacement of existing life insurance and...